When you hire a Phoenix rental management company to help you manage your properties, you need to know the fees due to them and what they cover. This is a way to make sure that you are getting exactly what you are paying for. All property management companies charge what they call the commission which is basically 3-15% of the monthly gross rent. The commission is given to the property manager since he is responsible for managing the property. Lease-up or set-up fee is payment due to the property manager for setting up the owners account and referring property to possible tenants resulting in a rental.
This fee is taken from the first payment of the tenant and that is why the first payment is commonly non-refundable. When the property manager to renews the tenants lease, he is entitled to a lease renewal fee. Some Phoenix rental management agents also charge the owner an advertising cost if they are the once responsible for advertising the property. The owner then needs to know the type of advertisement that the property management did since there are some free advertisements online and therefore, the property manager need not to be compensated since the ad posting is free and technically did not require him to do anything other than type a few words.